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Barcelona sells further Barça Studios stake for €100m amid struggle to meet budget rules

Barcelona president Joan Laporta gestures during a press conference at the Camp Nou (Photo by LLUIS GENE/AFP via Getty Images)

Barcelona has activated a fourth ‘lever’ to meet LaLiga budget rules, selling 24.5 per cent of its Barça Studios production division for €100m ($102m) to American investment fund GDA Luma, but SportBusiness understands that the club is still struggling to find funds to register players ahead of the new season, which kicks off this weekend.

The deal with GDA Luma, which is managed by the president of Cirque du Soleil, Gabriel de Alba, was approved by the Barcelona board on Tuesday morning via video conference. It follows the decision in June by Barcelona club members to approve the sale of club assets to raise funds to clear debts that had risen to €1.35bn ($1.38bn) by August last year.

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